Financial wellness and planning
April 26, 2023
In episode 3 in this series on the importance of financial advice, experts from Vanguard and elsewhere in the financial services industry offer perspectives on how financial advice can make investors feel more confident by helping them understand what investment levers they can control to reach their goals, even through volatile markets.
Thanks to an overabundance of new instruments that have democratized financial planning, the average American is prone to a host of cognitive biases such as “anchoring,” “herding,” and other colorful names, all of which are triggered by the stress of having to decide—at precisely the moment they need their full attention.
This audio series of three 20-minute episodes highlights insights from Vanguard and other financial experts and details results of the recent Economist Impact survey of 1,200 American investors.
“Having so much information available at our fingertips can make it difficult for us to make choices,” says Amanda Levis, Vanguard behavioral economist.
Podcast sources:
All investing is subject to risk, including the possible loss of the money you invest.
Diversification does not ensure a profit or protect against a loss.
Vanguard’s advice services are provided by Vanguard Advisers, Inc. (“VAI”), a registered investment advisor, or by Vanguard National Trust Company (“VNTC”), a federally chartered, limited-purpose trust company.
This information is for general guidance only and does not take into consideration your personal circumstances or other factors that may be important in making investment decisions. We recommend that you consult a financial or tax advisor about your individual situation before investing.
Vanguard podcasts, produced by Economist Impact, originally appeared in June 2022 as “The expanding universe of choice.”